TeraWATT About

WHAT IS Terawatt

Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global LED adoption.Terawatt will create a DAO, and also a deflationary Ethereum-based, private (zk-SNARKS) currency for global payments. The DAO will be funded and used by Utility Companies, LED Sellers, Businesses, token holders, and energy customers worldwide. The DAO will act as a decentralized global mutual / insurance fund to ensure Utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing LED sales to their energy customers (or for businesses upgrading to LEDs). 
Total Supply: 100 Million Tokens

Circulating Supply: 65 million (supply will decrease exponentially in s-curve fashion to as low as 1 million tokens over time). This is due to our continuous coin burning algorithm.Terawatt will automatically use 50-75% of company profits earned from DAO entry / exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, purchase records access fees (for businesses using our tokens as payment ), carbon credits, and even from affiliate LED sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7.

Utilities and other businesses will want to accept our tokens for payments because our currencies and most, if not all, cryptocurrencies tokens while also being more private and secure with SNARKS and masternodes when available. They can reduce accounting costs as all transaction data will be stored securely on the decentralized ethereum blockchain. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This may further increase token value due to the network effect. (Metcalfe's Law) 
Why participate in this DAO? High probability of making profits, and to help drive LED adoption and other enviro-friendly technologies

The Terawatt token supply will decrease exponentially with our continuous coin burning algorithm. Maintaining will automatically use 50-75% of DAO's earned profits / exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate LED sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7!

This may or may not decrease supply, while also increasing demand through marketing and growing adoption. Ex: If a Utility company invests $ 10,000 / month, in one year their account value has possibly increased 200% from $ 120,000 to $ 360,000. They can withdraw their energy, fuel, wind, energy star-rated materials.products, electric vehicles, etc.Businesses and token holders can use their DAO profits to buy LED bulbs which will reduce their utility bills, qualify them for government tax credits / rebates, and reduce greenhouse emissions. We will also offer a token incentive for participants who verify that they are used profits for buying / selling LED

This is like a decentralized mutual fund, with the Terawatt token that powers it also acting as a fast, private, secure monetary currency which can be accepted at businesses and utility providers globally. It will make sense for the utilities and businesses to take in. Tokens into the DAO, and potentially greatly increase their profits. With the supply being more deflationary than FIAT, and even more than most other cryptocurrencies, it will be a very attractive as a payment currency.

Who can join the DAO? 

All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO. This will help increase the network effect (Metcalfe's Law) Now we have a growing decentralized fund as more and more token holders join.

Token Utility
Used as a secure, private (zk SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants 
Allows entry to the DAO, staking / voting abilities, powers the DAO ecosystem with Ethereum Smart Contracts 

Allows access to decentralized immutable renewable tax data records (for a small fee), used as financial incentives to verify LED bulb purchases

Utility companies will be incentivised to take payment in LED DAO fund, the more voting power, profits , and staking rewards they will receive. This will further increase the token value due to the network effect.

Financial

Token info 
TokenLED 
PlatformEthereum 
TypeERC20 
PreICO price1 LED = 0.30 USD 
Price in ICO1 LED = 0.40 USD 
BONUS 
Private sale: 0-100% Preico: 0-65% ICO: 0-35% 
Tokens for sale65,000,000 
Investment info 
Min. investment0.2 ETH 
AcceptingETH 
Distributed in ICO65% 
Soft cap500,000 USD 
Hard cap131300,000 USD

Road map

2017 

Project Conception, White paper drafted, Patent filed 

December 2017 

Team Building: CTO, COO and Advisor acquired 

January 2018 

Whitepaper / website, registered trademark, quoted on KICKICO 

February 2018 

Presence of buildings, Token site Presale under development 

June 2018 

Private sale, more development and marketing 

July 2018 

Pray, DAO construction 

August 2018 

ICO, token launch, wallet release, apply to exchanges 

October 2018 

DAO testnet, mobile portfolios, research partnerships 

December 2018 

DAO plays online network, Masternode ad 

February 2019 

Fully functional user interface released, Mainnet improvements

April 2019 

Devcon, acquire more partnerships 

May 2019 

Receipt verification / Tax incentive utility / LED token development 

July 2019 

Expansion of the Terawatt LED ecosystem

For more details:

https://terawattled.com/

https://terawattled.com/assets/Terawatt.pdf

https://mobile.twitter.com/terawatt_led

https://t.me/TeraWattICO

https://m.facebook.com/pg/Terawatt/about/

By Martin Vunk :

https://bitcointalk.org/index.php?action=profile;u=1853936